Sistema Shares A Rise Of 5.9% On News Of Covid-19 Vaccine Release
Sistema shares are up 5.7% on the Moscow Stock Exchange on news of the vaccine production.
At the same time, at the peak of growth at 11:52 Moscow time, the company's share price added 5.9% and, at the moment, reached 21,299 rubles per share.
As of 12:10 Moscow time, the company's quotes slowed growth to 4.7%, and the securities were trading at 21.05 rubles per share.
Sistema quotes are growing after Russian health Minister Mikhail Murashko said at a meeting with Russian President Vladimir Putin that Binnopharm will be one of the sites where the coronavirus vaccine will be produced (74% of the authorized capital belongs to Sistema).